| In this article we're going to discuss what | | | | stolen is that the issuing bank is unable to |
| to do if you are the victim of credit card | | | | block continuing transactions. In this case |
| fraud or if you want to do what you can to | | | | canceling the card won't be enough because |
| minimize the risk of being such a victim.One | | | | banks usually carry over charges from one |
| of the best things you can do to prevent | | | | card to another. So in order to completely |
| credit card fraud is switch to cards like the | | | | clean up your account you may have to change |
| American Express Blue Card. What American | | | | banks as well. This will all depend on how |
| Express does it centralize its transaction | | | | good your bank is at blocking charges, |
| verification and Merchant Account tracking. | | | | especially if your card has been widely |
| This makes their cards much more fraud | | | | circulated.Another thing you can do is phone |
| resistant. Also, because Visa and Mastercard | | | | the FTC hotline number for credit card fraud. |
| have the majority of the credit card market, | | | | They have been set up to deal with this |
| this makes American Express a less likely | | | | problem specifically. There is also a form |
| target. In most cases of American Express | | | | that you can fill out online to determine if |
| fraud, which are relatively rare, the | | | | you are eligible for a refund.A problem that |
| customers are reimbursed immediately and | | | | you may run into is that some banks will |
| without question. Also, American Express has | | | | refuse to reimburse charges that are over 60 |
| much more friendly customer service | | | | days old. If this happens your only recourse |
| procedures for handling fraud problems. In | | | | is to report the bank to the Federal |
| 2002 they added what are called Amex Private | | | | authorities and let them handle the |
| Payments, which are one time use disposable | | | | problem.When looking for a new bank, or for |
| credit card numbers. This virtually makes | | | | that matter a first bank to get your first |
| fraud impossible unless the card is lost or | | | | card, look for one that has a good anti fraud |
| stolen. And then it is simply a matter of | | | | record. This information is available online |
| reporting it in time.Another thing you can do | | | | and through several agencies of the FTC.Use |
| is go to a firm that handles refund requests. | | | | as few credit cards as possible. The fewer |
| Most of these are appointed by Federal | | | | cards you use the less chance of being victim |
| Agencies that investigate fraud. These firms | | | | of fraud. Also try to use your cards as |
| specialize in this type of litigation and | | | | little as possible.Check your credit card |
| will be most qualified to handle your | | | | statements carefully to make sure that there |
| complaint as quickly and as cost effectively | | | | are no charges that don't belong there and |
| as possible. The majority of fraud | | | | request credit reports so that you can see if |
| complaints handled by these firms rule in | | | | there has been any unusual activity on your |
| favor of the plaintiff.Unfortunately there | | | | account.By doing the above things you will |
| are times when your only recourse is to | | | | greatly minimize the risk of being the victim |
| cancel your credit card and change banks. | | | | of fraud and have the best chance of being |
| Usually what happens when a card number is | | | | refunded should a fraud occur. |